Bitcoin fell after failing to hold the $25,000 levels last seen in June 2022.

Bitcoin fell towards the $23,500 levels after losing the $25,000 level, at which it faces intense selling that hinders the continuation of the ascent. Bitcoin fell from $25,250 to $23,500, a decline of 7%, and now settles at $23,733, a decline of 3.6% in the last session.

Bitcoin’s rise came after the announcement of positive US retail sales to indicate the strength of the US economy, and also after Hong Kong announced its intention to legalize digital currency trading and issue digital green bonds.

Ethereum fell to as low as $1,637 while seeing a 2% decline in yesterday’s volatility. Ether, which saw a partial recovery today, is currently trading in the $1650 range with light buyer expectations.

While there was a general decline among the top 10 cryptocurrencies, Polygon (MATIC) was the cryptocurrency that broke away from the market. While MATIC increased its value by more than 5% in the last 24 hours, it entered the $1.4 range and became the top 10 altcoin with an increase of 12% on a weekly basis.

Digital currencies and inflation data
Among the factors that caused an increase in volatility in digital assets yesterday in the risky market category, was the data announced in the United States.

US equity markets also moved with yesterday’s PPI which came in above expectations on a monthly basis. While the US PPI for January was released at 0.7% and expectations were at 0.4%. This, along with the previous very positive employment data, raised concerns that the Fed will continue to use tightening policy tools.